Common use of REIT Distribution Requirements Clause in Contracts

REIT Distribution Requirements. Unless the General Partner determines that such a distribution would not be in the best interests of the Partnership, it is the intent, but not the obligation, of the Partnership that a cash distribution shall be made for each Fiscal Year of the Partnership to enable the General Partner to pay a dividend to LTC in an amount sufficient (together with all other funds available to LTC for such purpose) to allow LTC (i) to meet LTC's distribution requirement for qualification as a REIT as set forth in Section 857(a)(1) of the Code, and (ii) to avoid the excise tax imposed by Section 4981 of the Code.

REIT Distribution Requirements. Unless the General Partner determines that such a distribution would not be in the best interests of the Partnership, it is the intent, but not the obligation, of the Partnership that a cash distribution shall be made for each Fiscal Year fiscal year of the Partnership to enable the Corporation, through receipt of all distributions made by the Partnership to the General Partner to pay a dividend to LTC in an amount sufficient (together with all other funds available to LTC for such purpose) to allow LTC (i) to meet LTC's its distribution requirement for qualification as a REIT as set forth in Section 857(a)(1) of the Code, Code and (ii) to avoid the excise tax imposed by Section 4981 of the Code.

REIT Distribution Requirements. Unless the General Partner determines that such a distribution would not be in the best interests of the Partnership, it is the intent, but not the obligation, of the Partnership that a cash distribution distributions shall be made for during each Fiscal Year fiscal year of the Partnership in an amount sufficient to enable the General Partner to pay a dividend to LTC in an amount sufficient (together with all other funds available to LTC for such purpose) to allow LTC (i) to meet LTC's its distribution requirement for qualification as a REIT as set forth in Section 857(a)(1) of the Code (ii) to avoid corporate income tax under Section 857(b)(1) of the Code, and (iiiii) to avoid the excise tax imposed by Section 4981 of the Code.

REIT Distribution Requirements. Unless the General Partner determines that such a distribution would not be in the best interests of the Partnership, it is the intent, but not the obligation, of the Partnership that a cash distribution shall be made for each Fiscal Year of the Partnership to enable the General Partner to pay a dividend to LTC in an amount sufficient (together with all other funds available to LTC for such purpose) to allow LTC (i) to meet LTC's distribution requirement for qualification as a REIT as set forth in Section 857(a)(1857(a)(l) of the Code, and (ii) to avoid the excise tax imposed by Section 4981 of the Code.

REIT Distribution Requirements. Unless the General Partner determines that such a distribution would not be in the best interests of the Partnership, it is the intent, but not the obligation, of the Partnership that a cash distribution distributions shall be made for no less often than quarterly during each Fiscal Year fiscal year of the Partnership in an amount sufficient to enable the General Partner to pay a dividend to LTC in an amount sufficient (together with all other funds available to LTC for such purpose) to allow LTC (i) to meet LTC's its distribution requirement for qualification as a REIT as set forth in Section 857(a)(1) of the Code, (ii) to avoid corporate income tax under Section 857(b)(1) of the Code, and (iiiii) to avoid the excise tax imposed by Section 4981 of the Code.